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GOLDSEA | ASIAN AMERICAN RAGS-TO-RICHES SAGAS

RICHES FROM RAGS

PAGE 13 OF 15

ow's top management is family, literally and figuratively. "Sandy Stewart, our vice president of sales, came to the company five months after our company was born. She's now the face of Bugle Boy," he says, by way of illustrating his commitment to his employees. The senior VP of product planning has been there since 1983 and travels with Mow. The senior vice-president of license development and domestic production was once Mow's CFO. He left in '87 to start his own business and returned last September. The chief financial officer has been at Bugle Boy since 87. "I don't give up on people," Mow repeats. At the same time he readily admits that in his opinion employees can't fully share an owner's concern for the welfare of the business. "No employee is indispensible," he says. Mow stresses the importance of having a partner to joke with and bounce ideas off. "If Vinnie didn't own 10%, I don't think I'd sleep at night knowing that I'm alone." At the same time, he would not be willing to trust even Nesi with the responsibility of running the company.

     Mow believes that a dominant owner enjoys a tremendous advantage in being able to use family members in key positions. The senior vice president of operations and distribution is his 34-year-old nephew who has been at BBI seven years. Rosa has been executive vice president of importing since '81. She accompanies Mow on his half-dozen annual transpacific trips. "I used to spend two weeks in Taiwan and China. With her I only spend a week. We divide up what we need to get done. She can read Chinese. That's a big help." Mow speaks some Chinese but doesn't read it. He credits her involvement with giving him the luxury of not having to stay on top of the import side of BBI's operations. "But even she doesn't know everything that's going on. I wouldn't burden her with that." Mow tells of the time a screwup in a major shipment cost BBI $4 million. "They just assumed it was going to be like last year. You can never assume anything. You always have to follow up." The responsible overseas employee was fired immediately, but only after Mow made sure he was given enough severance pay to preclude future headaches.

     And of course there is his oldest daughter Genevieve, now married, in charge of advertising. "That's a tricky area where you can get taken to the cleaners if you don't know what you're doing," Mow says. It's like the saying, "In God we trust, all others must pay cash." As patient as Mow is in cultivating long-term relations with people, he has a distinctly Chinese preference for investing that effort in family members.

     Mow sees "a lot of Asian nature" in what he calls his "ability to outpatience". "It's easy to give up on a country or a person. I like the challenge of turning that person into somebody." Mow's patience doesn't extend to dishonesty or disloyalty. "I will fire people instantly if they lie. If somebody tries to cover up, it's extremely harmful. Stripes on a zebra don't change."

     Mow doesn't feel that race has been a handicap in his career. "At the same time you have to realize where the buttons are," he cautions. "Don't go against the buttons." For example, I know that if my face is on the tube, some people wouldn't want to buy Bugle Boy pants."

     Big as it is Bugle Boy still faces barriers at certain department stores and retail chains. "I'm going to penetrate the old boy network," Mow says. There is an edge to his voice. "If they don't buy, I'm going to surround them." Asked if the old boy network is a source of frustration for him, he responds, "I choose to see it as a challenge. That's how I'm able to keep my sanity." PAGE 14

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“They just assumed it was going to be like last year. You can never assume anything. You always have to follow up.”




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